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Tuesday, 6 September 2011

Fine wine prices falter in August

Start of a trend or a temporary blip? This is the first significant downturn since the latest steady growth curve started in January 2009.

From the Liv-ex blog:

'Lafite: The force behind last month's losses

The Liv-ex Fine Wine 100 Index lost four per cent in August - its third-most dramatic monthly fall since its inception in 2001. Though the majority of index constituents performed poorly - most notably the First Growths - the real millstone was Lafite Rothschild.

4 comments:

it is not surprising as August is the time most people are on holiday and the markets are thin so anyone selling could dramatically affect it based on thin volume as well as having to offload profits made to cover losses in other investments

Li vex is a closed market system and not truly representative of the wine market as a whole based on its small volume an indicator maybe representative NO!!!!!!!!!!!!!

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